What happened to excel logistics?
Deutsche Post World Net today completed the acquisition of U.K. logistics company Exel plc, becoming the global No. 1 in air freight, ocean freight and contract logistics. “This acquisition marks a historic step for Deutsche Post World Net. …
When did DHL buy Exel?
December 2005
The business Following its acquisition of Exel in December 2005, DHL Logistics – part of Deutsche Post World Net – became the world’s largest logistics company.
What is the meaning of third party logistics?
Third-party logistics (abbreviated as 3PL, or TPL) in logistics and supply chain management is an organization’s use of third-party businesses to outsource elements of its distribution, warehousing, and fulfillment services.
Who is Exel Inc?
DHL
Exel Inc., doing business as DHL Supply Chain, provides logistics services. The Company offers warehousing, transportation and distribution, and integrated logistics solutions, as well as other related services. DHL Supply Chain serves clients worldwide.
Why do companies use third party logistics?
When a company uses a 3PL, they can scale space, labor, and transportation according to current inventory. Additionally, they are often able to ease the transition between seasonal periods and industry fluctuation. When expanding into new markets, businesses can rely on a 3PL to aid growth in new regions.
What are the types of third party logistics?
Third party logistics describes businesses that provide one or many of a variety of logistics-related services. Types of services would include public warehousing, contract warehousing, transportation management, distribution management, freight consolidation.
What does third party logistics company do?
Third Party Logistics (3PL) is the function by which the owner of goods (The Client Company) outsources various elements of the supply chain to one 3PL company that can perform the management function of the clients inbound freight, customs, warehousing, order fulfilment, distribution, and outbound freight to the clients customers.
How do third party logistics company work?
3PL Definition & How Third Party Logistics Companies Work. Third Party Logistics (3PL) companies handle outsourced procurement, transportation, and distribution functions for client companies. Some focus on specific segments, like product sourcing or freight shipping. Others fill multiple needs, like warehousing and distribution.
What is third party logistics management?
Third-party logistics (abbreviated as 3PL, or TPL) in logistics and supply chain management is an organization’s use of third-party businesses to outsource elements of its distribution, warehousing, and fulfillment services.